Tag: real estate

real estate – That is the properties for sale and for lease, and the loft that you will own if you are fortunate enough buy one.

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Coronavirus Updates and Tips: Los Angeles Real Estate Top 10 Deals and Steals

Failed Escrows Bring New Opportunities #coronavirus #update #tips

REAL ESTATE NEWS: The biggest real estate opportunities come out of major changes, including calamities and unpredictable or unforeseen events with extreme consequences. Loft and condo bargains appear as would-be homebuyers head for the hills, while paralysis, then panic begins. Covid-19 coronavirus Force Majeure cancellation rights have been issued by the governor of California, giving buyers and sellers extended rights to delay or cancel real estate transactions. #realestate #losangeles #ca

Now that a growing number of real estate transactions begin to fall out due to the Corona Crash, some of the most motivated sellers pop out out of failed escrows. One of the most reliable ways to find motivated sellers is amid pending escrows, many of which are doomed by the biggest economic shock in history. Traditionally, about 90% of escrows succeed to closing and recording. This usually 10% failure rate shoots up to 30% or more during a major crash or recession. Some real estate agents have reported as high as a 100% failure rate for their escrows during the 2009 economic crisis. Because so many active and pending escrows are expected to fall out, savvy home buyers are now watching and placing back-up offers on the most desirable properties. | Blog Video

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PLACE BACK-UP OFFERS NOW ON THESE IMPERILED ESCROWS

Here’s the Top 10 List of the most amazing loft and condo deals most likely to fall out of escrow in Downtown Los Angeles:

Steal these condos.

Due to the unforeseeable circumstances that now prevent many from fulfilling contract, escrow cancellations and other special deals are appearing. These include foreclosures, pocket listings, off-market properties, coming soon, unclaimed homes and other deals.

Get a free list of special deals in Downtown Los Angeles. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Escrows Pending ( PDF )Download
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Coronavirus Update: Counteroffensive by California Condos

REAL ESTATE NEWS

Los Angeles condominium home owners are fighting back against the Covid-19 virus by erecting barriers to social amenities. In order to prevent the potential spread of the pandemic pathogen, condo boards are placing restrictions on the community common areas. For example, one Los Angeles loft building closed its Community Room, Fitness Center, and Barbecue until further notice, disabling the access fob. Given the importance of these facilities to many residents, the community plans to open them back up as soon as possible. In the mean time, no common areas may be reserved for private events. Homeowners meetings have been postponed while they plan for teleconferencing of future meetings. #coronavirus #realestate #update | Blog Video

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The CDC and other organizations have issued guidance regarding social distancing, avoiding groups more than 10 and other such information. By closing the gathering places, condominium community residents reduce the chances of spreading the virulent scourge, working towards the common goal of causing Covid-19 numbers to collapse before the virus can spread out of control.

Reader Questions:

Q: What’s happening with los angeles ocean plaza? A: Assuming you mean OceanWide Plaza, the Downtown Los Angeles megaproject condo/hotel/shopping construction site next to LA LIVE has been sitting in limbo for many months as the developer has run out of cash, and is attempting to find a buyer. After the Corona Crash, their prospects just got a bit dimmer as fewer seek to buy assets, while more must liquidate to raise urgently needed funds. MORE

Receive a free list of new condominiums for sale. Get on the New Homes Interest List. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE 01889449 We are not associated with the homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker. #condo #lofts #losangeles